9,358 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,358 shares of the insurance provider’s stock, valued at approximately $1,345,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC bought a new stake in Cincinnati Financial in the third quarter valued at approximately $28,000. Y.D. More Investments Ltd raised its stake in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $27,000. Finally, True Wealth Design LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $42,000. Institutional investors own 65.24% of the company’s stock.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $140.18 on Thursday. The business’s 50 day moving average is $139.60 and its 200-day moving average is $141.05. The firm has a market cap of $21.91 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities research analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.87 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.48%. Cincinnati Financial’s payout ratio is 23.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average target price of $151.00.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.